Uttar Pradesh Transport Minister Swatantradev Singh said that Electric Vehicles were the need of the hour at a session for electric mobility in Lucknow. Uttar Pradesh transport minister Swatantradev Singh on Sunday said electric vehicles are the need of the hour and the future belongs to them. “Electric vehicles have many advantages. Less consumption of […]
GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5%
Hiring of electric buses by local authorities exempted from GST Changes in GST rates shall be effective from 1st August, 2019 The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The meeting was also attended by Union Minister of State […]
India has game plan for electric vehicles: NITI Aayog CEO
To facilitate charging infrastructure, Kant said newer models should be explored and start-ups must be facilitated in this area. AHMEDABAD: India has put in place a game plan for electric vehicles (EV) and its components like batteries to ensure clean cities, reduce imports and utilise solar power, NITI Aayog CEO Amitabh Kant said here on […]
Supply Constraints Could Put the Brakes on Electric Vehicle Rollouts
“It will be impossible for many EV targets to be achieved” on the current path, says Wood Mackenzie research director Gavin Montgomery. Investments in mining projects to support key materials for batteries could come too late to meet rising demand, new research says, stoking fears of a battery materials crunch. Supply chain constraints could start […]
Electric Vehicles Lack Infrastructure Despite Surging Demand
Consumer trends point to a rise in electric vehicles in the coming years. However, investing in the infrastructure to support battery-powered cars and hybrids has been surprisingly thin, according to multiple market participants. Driven by government’s increased efforts to de-carbonize the transport sector and consumer trends away from gas-fueled vehicles, EV grew to 890,000 in […]
Electric vehicle start-up SmartE gets Rs 100-crore investment from Mitsui
The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country Electric vehicle (EV) start-up SmartE has raised Rs 100 crore from Japanese major trading house Mitsui & Co in a Series B funding round. In addition to the capital, Mitsui will bring […]
Tech Mahindra Partners with Mahindra Logistics to Introduce Electric Vehicles for Employee Transportation
Mahindra E-Verito vehicles deployed at Tech Mahindra Hyderabad campus Hyderabad: Tech Mahindra Limited, a leading provider of digital transformation, consulting and business reengineering services and solutions, has partnered with Mahindra Logistics (MLL), one of India’s largest 3PL (Third-Party Logistics) solution providers, for introducing and operating Electric Vehicles (EV) for employee transportation. Mahindra Logistics will be […]
Electric vehicle start-up SmartE gets Rs 100-crore investment from Mitsui
The company will use the funding to rapidly increase its fleet size within Delhi-NCR as well as other key cities around the country Electric vehicle (EV) start-up SmartE has raised Rs 100 crore from Japanese major trading house Mitsui & Co in a Series B funding round. In addition to the capital, Mitsui will bring […]
Tesla’s new V3 Supercharger can charge up to 1,500 electric vehicles a day
Tesla has opened a massive next-generation electric vehicle charging station in Las Vegas that combines the company’s core products into one sustainable energy ecosystem, fulfilling a vision CEO Elon Musk laid out nearly three years ago. The new V3 Supercharger, which supports a peak rate of up to 250 kilowatts, is designed to dramatically cut […]
Electric Vehicles to get cheaper with reduction in GST, IT deduction and govt policies
For a better understanding of the state of EV acceptance in India and setting up & spread of charging infrastructure, we spoke with Maxson Lewis, MD, Magenta Power. India is pushing forwards with quicker adoption of electric vehicles with the government announcing policies and incentives for the manufacturers and the buyers as well. In the […]